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20121201
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correspondent carl cap ron explains for us. >> the morning after failing to convince the party to support the fiscal cliff, john boehner said he is not worried that the setback could cost him his speakership. >> no, i'm not. >> while we have not been able to get vote to avert the tax increases, you don't think they weren't getting that on me. they were dealing with the perception that somebody might accuse them of raising taxes. >> republican candidate campaign against raising any income tax rates this year. so when two to four dozen fiscal conservatives held the line to say they would oppose the plan on rate hike last night, boehner knew it would be depeteed. >> victory for conservative principles because the leadership strayed from the principles. the proposal over the weekend that the speaker offered was $1 trillion tax increase. perhaps a year long extension of the raising of the debt ceiling. those are things that the republicans do not support. >> important show of support, house majority leader cantor appeared at boehner's side and the rank and file republicans are coming to the sp
-election. >> the best is yet to come. >> long serving texas congressman ron paul decided not to seek re-election to focus on white house bid is one of several high profile members of congress that will retire this year. >> government gets bigger, the liberties are diminishing. >> barney frank and burton from the house, jon kyl, kay bailey hutchison, lieberman and nelson join members of the house and senate hanging up the congressional careers. 2012 also marked a milestone in implementation of president obama's healthcare law. in the 5-4 decision in june, the u.s. supreme court ruled a major crux of obamacare, the individual mandate is indeed constitutional. >> happy and pleased to put the supreme court ahead of partisanship. >> against the federal government that claimed map dated was violate of freedom. >> the republicans won't let up so what ever to repeal the terrible law. >> justices heard arguments from both sides and record-setting three-day hearing in march. at the time, it was unclear which way they were leaning. >> do you not have a heavy burden of justification to show authori
reserve. >> if a government destroys the value of currency, it will destroy the middle class. >> ron paul railed against the federal reserve and got applaud from growing clouds. >> we don't have the money, run out of borrowing power and guess what they do? they start printing money. >> despite paul and others' criticism the fed acted more aggressively. doubling down on printing more money each month to keep interest rates low for the future. >> it's likely warranted through 2015. >> why are they doing it? go back to the national debt clock. remember, we were staring at it it early in series. the debt to gdp or gross domestic product ratio is at 102%. the highest since just after world war ii. that is with extremely and historically low interest rates. even at these rates, that interest will cost the u.s. more and more every year. $222 billion in interest payments on the debt this year. $570 billion by 2022. at current rates. >> this stuff is no joke. we have a big interest to keep the interest payments low. also, incidentally keeping interest payments low so we can, so that other parts of
Search Results 0 to 2 of about 3